Temasek Holdings Private Ltd Has $228,000 Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Temasek Holdings Private Ltd cut its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 90.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,292 shares of the solar cell manufacturer's stock after selling 11,965 shares during the period. Temasek Holdings Private Ltd's holdings in First Solar were worth $228,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FSLR. Smartleaf Asset Management LLC increased its position in First Solar by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock worth $47,000 after purchasing an additional 63 shares during the last quarter. Crews Bank & Trust acquired a new position in First Solar in the fourth quarter worth approximately $53,000. Hudson Edge Investment Partners Inc. bought a new position in First Solar during the fourth quarter valued at approximately $53,000. Banque Transatlantique SA bought a new stake in First Solar in the fourth quarter worth approximately $53,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of First Solar during the 4th quarter worth $54,000. Institutional investors and hedge funds own 92.08% of the company's stock.

First Solar Trading Up 1.4%

Shares of FSLR traded up $2.30 during trading hours on Tuesday, hitting $167.22. 6,087,508 shares of the stock traded hands, compared to its average volume of 3,116,252. The firm has a market capitalization of $17.93 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.19 and a beta of 1.46. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $306.77. The business has a fifty day moving average of $136.24 and a 200-day moving average of $162.67.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.55). The company had revenue of $844.57 million during the quarter, compared to the consensus estimate of $863.11 million. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.20 earnings per share. Analysts expect that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on First Solar from $191.00 to $177.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. UBS Group reaffirmed a "buy" rating and issued a $255.00 price target on shares of First Solar in a report on Wednesday, May 14th. Redburn Atlantic started coverage on shares of First Solar in a report on Monday, March 3rd. They set a "neutral" rating for the company. Robert W. Baird cut their price target on shares of First Solar from $267.00 to $240.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Guggenheim dropped their target price on First Solar from $253.00 to $202.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, First Solar has an average rating of "Moderate Buy" and a consensus price target of $226.30.

Insider Transactions at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 7,475 shares of First Solar stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $136.60, for a total value of $1,021,085.00. Following the sale, the insider now owns 3,549 shares of the company's stock, valued at $484,793.40. This trade represents a 67.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark R. Widmar sold 21,542 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.09, for a total value of $3,039,360.78. Following the completion of the sale, the chief executive officer now owns 103,403 shares in the company, valued at $14,589,129.27. The trade was a 17.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,311 shares of company stock valued at $4,767,158 over the last three months. 0.48% of the stock is currently owned by corporate insiders.

First Solar Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.